The UN Sustainable Development Goals (SDG’s) recognize the critical role of business in delivering on the promise of sustainable and inclusive development. However, lack of access to credit, financial literacy, and mentorship is one of Kenya’s most pressing obstacles for sustainable businesses for economic growth.
KWFT has thus partnered with like-minded partners to enable women entrepreneurs to have access to affordable business loans to grow their businesses sustainably. This will enable KWFT to transcend towards a sustainable and inclusive development path.
ABOUT UN WOMEN:
UN Women is the United Nations entity dedicated to gender equality and the empowerment of women. A global champion for women and girls, UN Women was established to accelerate progress on meeting their needs worldwide.
Partnership with KWFT:
Within this partnership, KWFT designed a customized and affordable business loan to support Small and Micro entrepreneurs whose businesses were and continue to be adversely affected by the Covid-19 pandemic, locust infestation and flooding to resuscitate their businesses.
- 829 women have benefited from this funding and resuscitated their businesses sustainably.
- Kshs 8,120,600 has been disbursed by KWFT as at end of December 2021.
Jasiri Fund Consortium
ABOUT JASIRI FUND CONSORTIUM:
Centre for Rights Education and Awareness (CREAW), GROOTS Kenya, and The Collaborative Centre for Gender and Development (CCGD with support from MasterCard Foundation support survivors of Gender-Based Violence in 10 Kenyan Counties. This is within the context of COVID-19 in the resilience and recovery process using a holistic approach that combines economic and non-economic support for sustainable outcomes.
Partnership with KWFT:
In 2021, KWFT partnered with JASIRI Fund Consortium to give customized and affordable business loans to 1000 women across 10 counties to expand their economic ventures beyond the Covid-19 pandemic ensuring they are economically empowered and financially included. All the beneficiaries under this project are women who are survivors of gender-based violence.
- 486 women beneficiaries have been trained, mentored and funded to resuscitate their businesses.
- Ksh 28,742,975 has been disbursed as at January 2022.
KWFT has impacted thousands of families through the Business loans portfolio.
- Mary Wambui: How I started my security firm.